#Binance introduced its 50th project on Binance Launchpool, #Ethena (ENA) – a Synthetic Dollar protocol. The platform's website is live for 5 hours, right before the Launchpool starts.
Users can stake $BNB and $FDUSD in separate pools, allowing them to farm ENA tokens for a period of 3 days. The farming process will start at 07:00 on March 30, 2024 (Vietnam time).
Important dates and trading pairs
ENA token is expected to be listed on Binance at 15:00 on April 2, 2024 (Vietnam time) with trading pairs ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/ TRY. Additionally, Seed Tag will be applied to ENA.
Detailed information about #launchpool ENA:
Token name: Athena (ENA)
Total supply: 15,000,000,000 ENA
Launchpool reward: 300,000,000 ENA (2% of total supply)
Initial circulating supply: 1,425,000,000 ENA (9.5% of total supply)
Staking terms: Identity verification (KYC) required
Hourly hardcap per user: 333,333.33 ENA in BNB pool, 83,333.33 ENA in FDUSD pool.
Pool supported and farming time
Stakeholders can participate in 2 supported pools:
Stake BNB: Offer 240,000,000 ENA (80%) reward
Stake FDUSD: Offers 60,000,000 ENA (20%) reward
Farming time lasts from 07:00 March 30, 2024 to 6:59 April 2, 2024 (Vietnam time).
Daily ENA distribution
During farming, daily ENA distribution across pools is as follows:
Total daily rewards: 100,000,000 ENA
BNB pool daily reward: 80,000,000 ENA
FDUSD pool daily reward: 20,000,000 ENA
The introduction through #BinanceLaunchpool brings exciting prospects to the cryptocurrency community. As the big moment approaches, anticipation and interest in the ENA token continue to grow, marking a major milestone in Binance's ongoing commitment to innovation and community-centric initiatives focus in the field of cryptocurrency.
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